Tag Archives: economy

The Digital Broadcasting Agency of the Ministry of Economy and Sustainable Development of Georgia summed the digital broadcasting reform at the special conference held at the Courtyard Marriot Hotel.The presentation was attended by the Georgian authorities, representatives of the European Union, EBRD, USAID, the Consulate of China, non-governmental organizations, representatives …

National Bank Keeps Raising Monetary Policy Rate to Curb Inflation, but in Vain. In October 2015, Georgia’s inflation rate marked 5.8% as compared to the same period of 2014. The inflation rate made up 0.8% compared to September 2015. The annual inflation upturn has more hit regions than the capital …

Georgia’s monthly inflation rate is slightly dropping while the annual inflation rate is on the rise following price changes to several major commodities in the consumer basket. Georgia’s National Statistics Office, Geostat, released latest information about the country’s monthly and annual inflation rates; the October 2015 monthly inflation rate reached …

Gabriel Schulze, a founder and director general of Schulze Global company, was one of the participants of the Silk Road Forum panel in Tbilisi. – Why has Schulze Global chosen Georgia and how well is Georgia known in the USA? In his interview with the IPress Gabriel Schulze says Georgia …

Tbilisi Silk Road Forum was attended by delegations of 31 countries; authorities of 20 international, finance and donor organizations. Tbilisi held its first Silk Road Forum on October 15-16. The Georgian PM Irakli Garibashvili was the main initiator of the Forum. Garibashvili conceived the idea of creating a forum highlighting …

Georgia expects to attract about $8 billion of investment in its energy sector over the next seven years, with major hydropower and gas plants to be constructed, the deputy energy minister said. New plants will help Georgia, which is already almost self-sufficient in energy, to meet its power needs in …

Government delegations from 32 countries gathered in Tbilisi to attend first Silk Road Forum in Georgia’s capital Tbilisi. The idea of reviving the Silk Road has come into being as a result of the ongoing globalization in the world. The implementation of the Silk Road is among the most large-scale …

Azerbaijan is a strategic partner of Georgia and this policy remains unchanged, Georgian Prime Minister Irakli Garibashvili has told journalists, while visiting Baku. The Prime Minister described as “nonsense” statements by some political rivals alleging that Georgia will review its energy trade with Azerbaijan with the prospect of purchasing natural …

The Georgian capital of Tbilisi will host Silk Road Forum on October 15-16. The aim of the forum is to explore new visions of enhancing partnership in four main areas of cooperation: transport, energy, trade and people-to-people contacts. It will bring together more than 700 delegates from 30 countries and …

Economic indicators show a growth of 2.3 percent in the Georgian economy in August of 2015 compared to August of last year. From January to August 2015, the economy grew by 2.8 percent. The central government’s budget, however, dropped significantly in August from the previous month’s totals. In August 2015, …

The gross external debt of Georgia amounted to 14.1 billion USD (31.8 billion GEL) as of 30 June 2015, that accounts to 90.9 percent of the GDP. The gross external debt of Georgia increased by 437.4 million USD during the second quarter of 2015. Out of that increase 341.7 million …

The euro area’s inflation rate unexpectedly turned negative in September for the first time in six months. Consumer prices have fallen 0.1 percent from a year earlier, according to a preliminary report published by the European Union’s statistics office on Wednesday. Unemployment in the region remained unchanged in August at …